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Search Results: keywords:"committee on finance"

  • S. 5219 aims to change the tax laws in the United States to allow people to deduct more money from their state and local taxes on their federal tax returns. Specifically, it proposes to increase the current deduction limit from $10,000 to $100,000, or double that amount for...

    Simple Explanation

    The bill wants to change the rules so people can save more money when they pay their taxes by allowing them to count up to $100,000 of their state taxes, rather than just $10,000, when figuring out how much they owe to the government.

  • S. J. RES. 101 is a joint resolution disapproving a rule from the Department of Health and Human Services. This rule relates to the "Designated Placement Requirements for LGBTQI plus Children" and was published in the Federal Register on April 30, 2024. If passed, the resolution would nullify...

    Simple Explanation

    In simple terms, this is about a plan to stop a new rule from the Department of Health that was supposed to help make sure LGBTQI plus kids are placed in safe and respectful homes. Some people in the Senate don't agree with this rule, so they want to cancel it and not replace it with anything else.